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Asia-based execs predict “fruitless” start to 2022

Industry executives in Asia are sceptical about what’s in store for 2022, warning that the ‘groundhog day’ caused by enduring restrictions could long continue.

Speaking in the new issue of IQ, Michael Hosking of Midas Promotions – a leading promoter in South East Asia –  has predicted “another fruitless first three quarters in Asia”.

“But I’m hoping that we can have some shows in the final quarter of 2022… as long as we don’t get hit by the variant,” adds Hosking.

Justin Sweeting, co-founder of Hong Kong’s biggest music festival Clockenflap, shared a similar outlook on the year ahead.

“Stop. Start. Stop. Start. The stuttering groundhog day roundabout continues. I just hope we can get the proper opportunity to show that not only can events take place, in many senses, they’re actually the safest places to be in the city with testing and precautions in place,” he says.

Clockenflap Music and Arts Festival last took place in 2018, with the final pre-coronavirus edition (2019) cancelled at the last minute due to pro-democracy protests in the former British territory, which has been a special administrative region of communist China since 1997.

The 2020 and 2021 editions were both cancelled due to strict restrictions on large-scale outdoor events.

“I’m guessing it will be five or six years before attending two concerts a month will be back on the agenda for most people”

In the absence of the flagship festival, the Clockenflap Presents team organised a one-day festival, Long Time No See, last August in Mongkok.

Sweeting says that returning to live was his biggest highlight of 2021: “Seeing what live returns can look like in real life and that it is possible to hold events, both large and small, within a pandemic if the suitable precautions and steps are taken.”

He hastens to point out that one of the biggest challenges the market currently faces is navigating the patchwork of restrictions and requirements across the region.

“If an artist is up for spending quarantine time, there’s a captured market available! Otherwise, a challenge we face across Asia as a region is that different countries are opening up at different times and rates with different requirements,” he explains.

With that in mind, Hosking says it could take half a decade for the industry to return to 2019 levels of activity.

“I’m guessing that following the ‘dead cat bounce’ it will be five or six years before attending two concerts a month will be back on the agenda for most people – especially those who’ve not earned and saved on full salaries these past two years. I hope I’m WRONG!” he says.

“The pandemic is both dynamic and endemic and so isn’t going to just disappear any time,” adds Sweeting.

 


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ILMC 32 unveils third wave of speakers

A diverse and international group of industry professionals make up the latest round of speakers for the International Live Music Conference (ILMC) and Futures Forum, which take place in London in March.

The group, which join previously announced panel chairs and workshop hosts, as well as many high-profile guest speakers, includes representatives from Live Nation, ICM Partners, Paradigm, the O2 Arena, Fullsteam, Solo Agency and many more.

A highly international delegation of speakers come together for The Global Marketplace: Games without frontiers session, with representatives from Live Nation Asia, Korea’s International Creative Agency, UAE’s Flash Entertainment, Brazil’s Live Talentos and Singapore’s Midas Promotions, as well as a Kenyan-based agent from Austria’s Georg Leitner Productions.

Futures Forum is back with a bang on Friday 6 March, after a successful debut outing last year. The OK, Boomer: Closing the generation gap panel sees Live Nation’s Phil Bowdery and Anna-Sophie Mertens, ICM Partners’ Scott Mantell and Kevin Jergenson, and CAA’s Maria May and Jen Hammel join forces in an all-new session pairing up senior executives with their more junior counterparts.

Futures Forum is back with a bang, after a highly successful debut outing last year

More highlights on the future-focused day include the Meet the New Bosses: Class of 2020 session, chaired by Ticketmaster’s Jo Young, and featuring new bosses Charly Beedell-Tuck (Solo Agency), Matt Pickering-Copley (Primary Talent International) and Marc Saunders (the O2), three of the list of twelve future live music industry leaders selected by ILMC and IQ Magazine this year.

Following on from last year’s thought-provoking panel on wellbeing, the Mental Health: Next steps for live discussion, led by ATC Live’s Stacey Pragnell, will feature guest speakers Adam Ficek (Babyshambles/Music & Mind), Richard Mutimer (Paradigm), Aino-Maria Paasivirta (Fullsteam Agency) and Joe Hastings (Help Musicians) and look at how to formulate a healthier and happier industry for the future.

With over 100 speakers and 40 sessions over the whole conference, there are plenty of big names and exciting details left to be announced in the coming weeks.

The full ILMC agenda can be viewed here, with the Futures Forum programme available here.

ILMC is taking place from 3 to 6 March at the Royal Garden Hotel in London. Companies supporting this year’s conference include Live Nation, Ticketmaster, Eventim, WME, Universe, Livestyled, Tysers, Joy Station, Mojo Rental and Showsec.

 


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Judge sides with LAMC in Singapore court battle

A legal battle between two of Singapore’s biggest concert promoters, Midas Promotions and LAMC Productions, has come to an end.

Midas, led by managing director Michael Hosking, announced in February it was suing local rival LAMC for 50% of the profits from two LAMC-promoted shows by Canadian comedian Russell Peters – estimated at at least S$500,000 – for which it said the two companies had agreed to jointly bid, putting up US$200,000 each in return for a 50-50 split of the profits and withdrawing any existing offers.

Midas claimed in court that LAMC failed both to submit an identical bid and to withdraw an existing offer for Peters, violating the terms of the alleged verbal agreement between the two companies.

A judge found that LAMC upheld their end of the agreement and ordered Midas to pay its legal costs

However, Singaporean district judge Koh Juay Kherng found last Thursday (7 July) that LAMC upheld their end of the agreement – and revealed that Midas had not even put in a bid to withdraw – and ordered Midas to pay LAMC’s legal costs.

Midas produced as evidence a letter from Peters’s manager – his brother, Clayton – stating that “Hoskings [sic] tried to bully his way into a joint venture with LAMC Productions when it became clear to him that he was not going to get the show”. He added that “I did not want Midas promotions involved in the show!” and recommended that its “frivolous claim” be “dismissed”.

IQ has contacted Hosking for comment.

Peters’s two shows, at the Singapore Indoor Stadium on 5 and 6 May 2012, sold over 18,000 tickets, making them the highest-grossing comedy shows ever held in Asia.

 


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